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Blue Cash Preferred® Card from American Express vs Capital One Quicksilver Secured Cash Rewards Credit Card
This comparison aims to help you decide between the Blue Cash Preferred® Card from American Express and the Capital One Quicksilver Secured Cash Rewards Credit Card. Each card offers unique features that cater to different spending habits and financial goals. Below you will find an overview of each card, followed by a detailed feature comparison.
Card Overviews
Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express is designed for consumers who frequently shop at U.S. supermarkets and utilize streaming services. With a strong rewards structure, it offers significant cash back on various categories, making it ideal for families and regular spenders.
Capital One Quicksilver Secured Cash Rewards Credit Card
The Capital One Quicksilver Secured Cash Rewards Credit Card is intended for those looking to build or improve their credit score while earning rewards. This card is a great option for beginners in credit management, offering cash back on all purchases without an annual fee.
Detailed Feature Comparison
| Feature | Blue Cash Preferred® Card from American Express | Capital One Quicksilver Secured Cash Rewards Credit Card |
|---|---|---|
| Annual Fee | $0 intro annual fee for the first year, then $95 | No annual fee |
| Welcome Bonus | $250 statement credit after spending $3,000 in eligible purchases within the first 6 months | N/A |
| Rewards Structure | 6% cash back at U.S. supermarkets, 6% on select U.S. streaming subscriptions, 3% on transit and gas stations, 1% on other purchases | 1.5% cash back on every purchase, 5% cash back on hotels and rental cars booked through Capital One Travel |
| Foreign Transaction Fee | None | None |
| Other Fees | Up to 3% cash advance fee | No hidden fees |
| Additional Benefits | Disney Bundle credit, cash back redemption options | Credit monitoring with CreditWise, $0 fraud liability |
Rewards Highlights
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
- 6% Cash Back on select U.S. streaming subscriptions
- 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
- 3% Cash Back at U.S. gas stations
- 1% Cash Back on other purchases
Pros and Cons
Blue Cash Preferred® Card from American Express
- Pros:
- High rewards rate in multiple categories
- Generous welcome bonus
- No foreign transaction fees
- Cons:
- $95 annual fee after the first year
- Spending limit on 6% cash back at supermarkets
Capital One Quicksilver Secured Cash Rewards Credit Card
- Pros:
- No annual fee
- Unlimited 1.5% cash back on all purchases
- Great for building credit
- Cons:
- Requires a security deposit
- Limited rewards on non-travel purchases
Who Should Consider Which Card?
- Blue Cash Preferred® Card from American Express: Ideal for families or individuals who frequently shop at supermarkets and spend on streaming services. Those who can maximize the 6% cash back categories will find this card most beneficial.
- Capital One Quicksilver Secured Cash Rewards Credit Card: Best for individuals looking to build or rebuild their credit score. Ideal for those who want a straightforward cash back structure without an annual fee.
Conclusion
When choosing between the Blue Cash Preferred® Card from American Express and the Capital One Quicksilver Secured Cash Rewards Credit Card, consider your individual spending patterns and financial objectives. Each card has distinct advantages that cater to different user needs. Evaluate your priorities to make the best choice for your financial situation.